Excess Fuel definition
Examples of Excess Fuel in a sentence
To the extent that the actual Fuel Burn Rate exceeds the Planned Fuel Burn Rate for any month, then Midwest will calculate the Excess Fuel Cost as follows: Midwest will invoice SkyWest for the Excess Fuel Cost, if any, on a monthly basis, and deduct any Excess Fuel Cost from the next payment due to SkyWest pursuant to Section 5.02(b).
Any amount received over the price originally paid by Owner for such Excess Fuel shall belong to the Owner and Owner shall bear any loss incurred should the amount received for such Excess Fuel be less than that originally paid by Owner.
The Annual Excess Fuel Burn Amount is the sum of each Monthly Excess Fuel Burn Amount (as defined below) for all months in such Annual Period.
The Monthly Excess Fuel Burn Amount is defined as and will be calculated in accordance with the following formula: The following definitions will apply herein: CRD = The average cruise range deviation, in percent.
The Monthly Excess Fuel Burn Amount is a [*CTR] defined as, and will be calculated in accordance with, the following formula [*CTR] The following definitions will apply: 11 [*CTR] [*CTR] [*CTR].
If Customer elects not to install Improvement Parts in any applicable Attachment B Aircraft as set forth in paragraph 2.2 above, subsequent payments of the Annual Excess Fuel Burn Amount will be reduced by an amount consistent with the reduction in the Compliance Deviation which would have been realized had such Improvement Parts been installed.
The total Annual Excess Fuel Burn Amount credits Boeing and/or Engine Manufacturer is obligated to issue pursuant to this Letter Agreement shall not exceed [ * ] in an Annual Period per Covered Aircraft, or as adjusted by Boeing for changes in the price of Kerosene Base, Commercial Jet Fuel in accordance with the formula set forth in the Attachment C hereto for each Aircraft in any Annual Period.
If Customer elects not to install Improvement Parts in any applicable Attachment A Aircraft as set forth in paragraph 2.2 above, subsequent payments of the Annual Excess Fuel Burn Amount will be reduced by an amount consistent with the reduction in the Compliance Deviation which would have been realized had such Improvement Parts been installed.
The Monthly Excess Fuel Burn Amount is defined as and will be calculated in accordance with the following formula: Monthly Excess Fuel Burn Amounty = [****************************************] The following definitions will apply herein: BFD = the average block fuel deviation, in percent.
If Customer elects not to install Improvement Parts on any applicable Aircraft pursuant to paragraph 4.3, subsequent payments of the Annual Excess Fuel Burn Amount will be reduced by an amount consistent with the reduction in the Compliance Deviation which would have been realized had such Improvement Parts been installed pursuant to paragraph 4.3.